• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Market Gains Momentum: Bulls Control 30%

user avatar

by Giorgi Kostiuk

a year ago


  1. Dogecoin Market Growth
  2. Analysis of Large Holders
  3. Volume of Large Transactions

  4. The Dogecoin market is demonstrating significant growth with a 30% increase under the control of bulls. This market shift indicates a possible rise in investor interest in buying rather than selling DOGE.

    Dogecoin Market Growth

    Recently, there has been an uptick in bullish activity in the Dogecoin market, with bulls controlling 30%. This suggests heightened investor interest in purchasing DOGE.

    Analysis of Large Holders

    Currently, 62% of Dogecoin is held by large holders. This could lead to significant price swings if these investors decide to sell or buy large amounts. Additionally, 74% of all Dogecoin holders remain profitable at the current prices, which may encourage them to hold onto their assets.

    Volume of Large Transactions

    Over the past 24 hours, more than 5.07 billion large transactions of DOGE have been made. This is slightly lower than the seven-day high of 8.64 billion DOGE but close to the seven-day low of 4.57 billion DOGE. The total number of large transactions over the last day was 827, indicating continued substantial trading activity.

    The rise in the Dogecoin market and significant activity from large holders and transactions suggest the cryptocurrency’s positive trend may continue. However, investors should remain cautious and consider other market metrics.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Santiment Updates Ranking of Binance Smart Chain Projects Based on Developer Activity

chest

Santiment has released an updated ranking of Binance Smart Chain projects based on developer activity over the last 30 days, with BTCB leading the list.

user avatarLeo van der Veen

Multi-Layered Convertible Bond Arbitrage: Isolating Derivative Alpha

chest

Convertible bond arbitrage focuses on hybrid securities to profit from pricing mismatches between the bond and its embedded equity option.

user avatarAisha Farooq

Non-Directional Volatility Arbitrage: Trading the Fear Gauge

chest

Volatility arbitrage is a strategy that profits from the difference between implied and realized volatility, allowing hedge funds to generate returns regardless of market direction.

user avatarBayarjavkhlan Ganbaatar

High-Leverage Treasury Basis Trade: A Key Derivative Tactic

chest

The Treasury Basis Trade is a complex arbitrage strategy used by hedge funds to exploit temporary price discrepancies between cash Treasury bonds and their futures contracts.

user avatarTenzin Dorje

Institutional Hedge Funds Pursue Pure Alpha Through Derivative Strategies

chest

Elite institutional hedge funds are increasingly utilizing complex derivative strategies to generate alpha, which represents excess returns achieved through manager skill and market inefficiencies.

user avatarElias Mukuru

Market Sentiment Remains Cautiously Optimistic

chest

Despite Bitcoin's recovery, many altcoins are struggling, reflecting cautious investor sentiment in volatile trading conditions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.